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Tesla, the maker of luxury electric cars, recorded the largest decline in car sales in its history.
The company recorded a 31% decline in sales in the first quarter of 2019 compared to the previous quarter, a decrease of approximately 30,000 cars.
Tesla delivered 63,000 cars in the first quarter of this year, well below analysts' expectations, warning that its revenues would suffer.
The electricity company was to hand over 76,000 cars, but instead delivered 50,900 model 3 cars, 12,100 S cars and the X model.
This is the first time in almost two years that Tesla has seen a drop in sales from one quarter to the next, but still represents a significant increase compared to the first quarter of 2018.
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The Tesla Model 3 proved to be the most popular vehicle of the company in the first three months of the year, with 50,900 cars sold.
The remaining sales come from the Model S sedan and the SUV X model.
The Model 3 was rated by Tesla as the first fully electric car on the market at a cost of $ 35,000 for the standard model.
Tesla pointed out that sales figures for the quarter do not necessarily reflect a drop in demand because the car is calculated as sold when it is delivered to the customer because it does not receive the full price only when the customer received it.
"The demand for model 3 cars in the United States has far exceeded what we were able to provide in the first quarter," writes the company in a note to investors.
"As Tesla's car production is currently fully completed in a single plant, but the vehicles are to be delivered to customers around the world, production could be well above deliveries and this quarter, when production exceeded deliveries of 22%,.
The quarterly results come as the company's president's attorney, Elon Musk, goes to court to argue that the latter has not violated any agreement with the Securities and Exchange Commission (SEC). ) in the United States as a result of using the Twitter platform.
The settlement with the US Securities and Exchange Commission (SEC) concluded last October that Elon Mask could not publish Tesla's comments without first obtaining the approval of the board of directors of the society.
The US Securities and Exchange Commission claims that Elon Mask violated the regulation in February via Twitter about Tesla's intentions to manufacture 500,000 cars in 2019.
In addition, the company announced an update of its automation system, which allows the driver's assistance program to modify routes without having to confirm the driver.
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